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AeroVironment [AVAV] on Thursday said it completed its $4.1 billion acquisition of BlueHalo, significantly diversifying and expanding its defense business with the addition of space, electronic warfare and cyber technologies to position itself as a mid-tier alternative to traditional defense prime contractors. Following the close of the transaction, AV is realigning from three operating segment to two, Autonomous Systems, and Space, Cyber and Directed Energy. Autonomous Systems includes AV’s prior businesses, uncrewed systems, loitering munitions, and the MacCready Works innovation…
